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The overall profitability status of the Bitcoin market is improving, but on-chain data shows that it is still insufficient to confirm that a new bull market has begun, and there remains a risk of another decline. CryptoQuant data shows that the Bitcoin Supply in Profit has risen to 57.5%. This indicator represents the proportion of BTC supply in the current market where the price is above the holding cost, which has significantly rebounded from the low of 46.2% on June 30, 2026, and is currently close to 60%.However, the recovery of the profitable supply ratio still requires continuous verification. Historical cycles show that the true end of a bear market usually requires two conditions to be met simultaneously: first, the 30-day simple moving average of the Long-Term Holder Profit and Loss Ratio (LTH-SOPR) must remain above 1 for an extended period without falling below it; second, the Bitcoin Supply in Profit must stabilize above 64%. Analysts indicate that this cycle has previously experienced a "false breakout." From April 28 to June 1 of this year, the average LTH-SOPR was above 1 for 35 consecutive days, while the profitable supply ratio once rose to 67%, but the market subsequently declined again. Currently, the Long-Term Holder 30-day SMA indicator has been below 1 for over 50 consecutive days, which remains an important risk signal for assessing the strength of market recovery. Although the BTC profitable supply ratio is improving, the market needs further confirmation of the behavior of long-term holders and changes in the profit structure to determine whether the current rebound truly marks the beginning of a new upward cycle.

Binance founder Zhao Changpeng paid tribute to BitMEX founder Arthur Hayes. It's unfortunate to see BitMEX shut down. Some thoughts:BitMEX was the first to launch 100x cryptocurrency trading back in 2014. Futures contracts had existed before this, making Friday trading exceptionally busy. BitMEX only accepted Bitcoin deposits, supported only one chain, allowed withdrawals once a day, and required multi-signature wallets. These seemingly inconvenient restrictions actually protected them from hacker attacks.After 18 months of struggle, the four founders ultimately admitted to violating the Bank Secrecy Act (BSA) a month before the trial. They were each fined $10 million and placed under house arrest. No one went to prison as a result. However, their business ultimately could not withstand the "cryptocurrency war" initiated by the Biden administration.In the end, the liquidation process of BitMEX appeared orderly, and users were able to withdraw their assets. Tribute to Arthur Hayes.

The on-chain data analysis platform Bubblemaps posted on platform X, stating that investors who participated in the MEGA token presale and chose to lock their tokens for additional rewards are currently facing a paper loss of about 50%.Data shows that this group of investors has invested a total of 28.3 million dollars, and the current value of their holdings has dropped to 13.6 million dollars. The related tokens will not be unlocked until April 2027.

CryptoQuant analyst Darkfost stated that data shows short-term holders (holding periods of no more than 155 days) have been in a state of realized losses for about nine consecutive months, a characteristic that is typically more aligned with a bear market environment.It is estimated that the cost basis for short-term holders is around $68,800, so they are still facing some pressure overall. Currently, as Bitcoin attempts to stabilize above $65,000, short-term holders are expected to continue selling at a loss of about 4%.

ARK Invest's funds collectively purchased 121,400 shares of SpaceX stock, valued at approximately $14.996 million; at the same time, they sold 97,300 shares of Robinhood stock, valued at approximately $10.351 million, continuing the recent trend of reduction.On the same day, ARK also purchased about $4.965 million worth of shares in electric aircraft company Archer Aviation. According to previous reports, SpaceX closed down over 6% yesterday, hitting a new low since its listing.

Tesla's Bitcoin reserves remain unchanged at 11,509 BTC, continuing a status of not buying or selling the cryptocurrency for nearly four years, and accounting for a post-tax impairment loss of $112 million on its digital asset holdings.Bitcoin fell 14% in the second quarter from about $83,000 to $58,000, then rebounded to around $65,840. Tesla's revenue in the second quarter was $28.2 billion, exceeding expectations; adjusted earnings per share were $0.33, below expectations.

The UK plans to issue its first tokenized sovereign bond by early 2027, with the current key prerequisite being the resolution of on-chain cash settlement issues. This problem has limited the use of digital bonds by institutions for years.Industry experts indicate that the plan may have received sufficient support from the UK Treasury, the Bank of England, and regulators to continue advancing after recent political changes, and it could potentially increase the demand for UK debt. Current progress is constrained by the lack of standardized on-chain payment methods, mature pound stablecoins, and regulatory clarity.

Web3 security company CertiK released the "2026 First Half Wrench Attack Report." The report shows that in the first half of 2026, a total of 52 publicly verified wrench attack incidents were recorded globally, an increase of 33.3% year-on-year; related losses amounted to approximately $124 million, an increase of about 11.8 times compared to the same period last year.The report points out that attackers are shifting from exploiting technical vulnerabilities to targeting asset holders and their real-world relationship networks, with home invasion incidents rising from 1 in the first half of 2025 to 20, accounting for 41% of the total incidents during the same period. Europe has become a high-frequency attack region, with 33 incidents occurring in France, accounting for 63.5% of global cases.CertiK states that as real-world risks become a significant challenge for digital asset security, businesses and high-value individuals need to establish a more comprehensive protection system. CertiK has launched operational security services to help identify risks related to the exposure of information such as identity, home, residence, and travel trajectory; at the same time, through CertiK Security Workspace, it correlates off-chain intelligence, on-chain transactions, and AML risk signals to support institutions in tracking and analyzing cybercrime activities.In addition, CertiK is strengthening cooperation with international law enforcement agencies such as Interpol and Europol to provide technical support for cross-border attack investigations and security policy research.

According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x9BF...4564a withdrew 4,819 ETH (approximately 9.35 million USD) from the exchange on February 8 at an average price of 1,941.25 USD, marking its first operation after being dormant for two years since March 2024.During the holding period, the account's unrealized loss once reached as high as 1.8 million USD. Half an hour ago, the address deposited 1,200 ETH to Gate exchange, and if sold at the current price, it would only incur a loss of about 20,000 USD, essentially close to breaking even.

According to a report by CryptoSlate, BitMine's Ethereum staking and validation business heavily relies on the third-party operator Ethereum Tower. According to the relevant management service agreement, Ethereum Tower holds an irrevocable interest of 2% in MAVAN, and the initial term of the agreement lasts for up to 10 years; if BitMine terminates the cooperation early under non-specific default circumstances, the other party can still choose to continue receiving revenue sharing for the remaining term or receive a one-time compensation according to a formula.Documents show that in the three months ending May 31, 2026, BitMine's staking and validation business revenue was $45.743 million, accounting for 98.3% of total revenue of $46.535 million. During the same period, the company held approximately 5.4169 million ETH, valued at about $10.856 billion, of which approximately 4.7187 million had been used for staking. The report suggests that this means BitMine's revenue performance is not only dependent on Ethereum staking returns but is also significantly constrained by third-party management relationships and potential termination costs.

According to official news, the Gate Launchpool Phase 367 ANTFUN event will take place from July 21, 20:00 to August 4, 20:00 (UTC+8). Users can stake USDT, GUSD, or ANTFUN to share a free airdrop of 3,756,574 ANTFUN.Currently, the estimated annualized return for the USDT staking pool is 5.80%, with a total staked amount exceeding 37 million USDT; the estimated annualized return for the GUSD staking pool is 4.90%, and with an additional 3.80% GUSD minting yield, the total estimated return can reach 8.70%, with a total staked amount exceeding 36 million GUSD; the exclusive ANTFUN staking pool has an estimated APR of up to 176.82%, with a total staked amount exceeding 11.6 million ANTFUN. Users can choose different staking pools to participate in the event based on their asset allocation, enjoying diversified yield opportunities while receiving airdrop rewards.

According to The Block, Cathie Wood's Ark Invest purchased 16,665 shares of Securitize (SECZ) on Tuesday, valued at approximately $125,654. SECZ rose 13.9% that day, closing at $7.54.

According to on-chain analyst Ai Yi's monitoring, smart money that went long on 1,000 BTC and 10,000 ETH since early July has realized a profit of $5.484 million.The account went long on BTC and ETH on July 6 and July 14, with entry points of $62,354 and $1,761.9, respectively. The position value is $85.36 million, and over $330,000 has been paid in funding fees.

According to SolanaFloor data, Solana regained the top position among all blockchains in terms of daily network revenue (on July 18), marking the first time in nearly five months.

According to data from the Gate platform, SK Hynix (SKHX) reached a maximum of $1273 in 24 hours, currently reported at $1220.5, with a 24-hour increase of 4.90%. According to CoinGlass data, the contract open interest for Gate SK Hynix (SKHX) has reached $37.0579 million, ranking among the top in the industry.

According to Bloomberg, producing the world's most popular advanced semiconductors requires a large amount of energy and relies on rare mineral resources. A UK AI startup, CuspAI, which was founded just two years ago, is betting that artificial intelligence can optimize this process and has raised nearly $500 million in funding for this purpose.CuspAI announced the establishment of the AI Materials Foundry alliance. This alliance brings together more than 48 tech giants, industrial companies, and research institutions, including Nvidia, Meta, and Hyundai Motor Group. The alliance aims to integrate the computing power resources and research capabilities of its members to jointly develop AI software, helping researchers develop new materials suitable for chip manufacturing and other industries at lower costs and faster speeds, thereby improving the efficiency of material research and accelerating innovation in advanced semiconductors and related industries.

According to the Korea Herald, the second phase of South Korea's central bank digital currency (CBDC) pilot project "Han River Plan" is about to officially launch. The Bank of Korea and commercial banks are making final preparations for the real transaction testing of deposit tokens in the second phase. If the system development and participant recruitment preparations are completed as planned, actual transactions are expected to begin as early as September.In the first phase transaction testing from April to June last year, 81,000 people participated through electronic wallets and conducted 114,880 transactions using deposit tokens. The first phase examined the deposit token payment system, while the second phase focuses on exploring commercialization. Additionally, the Ministry of Economy and Finance of South Korea announced in its economic growth strategy for the second half of the year released on the 15th that next year it will implement a pilot project for the tokenization of government bonds linked to the central bank's institutional-level central bank digital currency (CBDC).

According to Ember monitoring, the Bonk treasury attacker transferred 400 billion BONK to Coinbase again about 5 hours ago, worth approximately 1.11 million USD. Of the 44.26 trillion BONK transferred due to the governance attack, 24.26 trillion have already been transferred to CEX. Since the attack, the price of BONK has dropped by 41%.

According to CoinDesk, a survey by financial technology service provider Broadridge of 200 North American financial services executives shows that 84% of the responding institutions believe that tokenization is of significant importance to their business, indicating that Wall Street is transitioning from the experimental phase of blockchain to preparing for the integration of tokenized assets into everyday market infrastructure.The survey reveals that 68% of respondents believe that tokenization will partially reshape financial markets in the next 3 to 5 years, with nearly one-third of institutions planning to increase their investment in tokenization projects by 26% to 50% or more over the next 2 years. Meanwhile, 92% of institutions expect digital assets and traditional assets to coexist in the foreseeable long term, and 69% plan to integrate tokenization into existing infrastructure rather than building a native on-chain system from scratch.

According to TechFundingNews, Nvidia's venture capital division NVentures previously invested approximately $196 million in the UK fintech company Revolut.A confirmation statement disclosed by the UK Companies House shows that a shareholder entity suspected to belong to NVentures LLC holds about 141,834 shares of Revolut. Based on the issuance price disclosed in this round of financing by Revolut, this portion of shares is valued at approximately $195.9 million.Previously, neither Nvidia nor Revolut publicly disclosed the specific investment amount and shareholding scale of NVentures in the company. The exposure of this document indicates that Nvidia is further positioning itself in the fintech sector through strategic investments.Founded in 2015, Revolut is one of Europe's leading digital banking platforms, covering areas such as payments, foreign exchange, investment, and cryptocurrency services. In recent years, Nvidia has continuously invested in AI, fintech, and next-generation internet infrastructure companies through NVentures, and this investment in Revolut is also seen as part of its expansion into the AI and digital finance ecosystem.